CE North America boosts Buhrmann

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Buhrmann has posted a 6 per cent increase in Q2 organic sales of global office products, driven by sales growth of 7 per cent at Corporate Express (CE) North America, 5 per cent at Office Products Europe and 11 per cent at Office Products Australia.

 

The group’s net sales were stronger than expected, rising 3.2 per cent to 11.48 billion. Net profit rose 32.1 per cent to 117.3 million, although missed expectations of 127.4 million.

 

CEO and president Frans Koffrie said: "We remain positive about prospects for ongoing sales growth in 2005, based on our expectations of continued, steady improvement of market conditions in North America and further positive effects of our measures to enhance European performance. Growth is forecast to continue in the Australian economy."

 

Just a week before the results were announced, Buhrmann was recognised for excellence in corporate and financial reporting by enterprise.com, with the company’s 2004 annual report ranked as the number three report from the Netherlands and one of the top 30 in Europe.